Candriam S.C.A. Makes New Investment in Wheaton Precious Metals Corp. $WPM

Candriam S.C.A. acquired a new stake in shares of Wheaton Precious Metals Corp. (NYSE:WPM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,083 shares of the company’s stock, valued at approximately $546,000.

Several other large investors have also recently made changes to their positions in WPM. Vanguard Group Inc. boosted its stake in Wheaton Precious Metals by 1.8% during the first quarter. Vanguard Group Inc. now owns 17,996,858 shares of the company’s stock valued at $1,396,556,000 after buying an additional 324,340 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Wheaton Precious Metals by 5.0% during the 1st quarter. TD Asset Management Inc now owns 7,512,351 shares of the company’s stock worth $582,876,000 after acquiring an additional 355,533 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Wheaton Precious Metals by 10.3% during the 2nd quarter. Bank of Montreal Can now owns 5,120,087 shares of the company’s stock worth $460,736,000 after acquiring an additional 478,236 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Wheaton Precious Metals by 10.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,072,786 shares of the company’s stock valued at $393,800,000 after acquiring an additional 470,651 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Wheaton Precious Metals by 20.5% in the second quarter. Geode Capital Management LLC now owns 3,653,717 shares of the company’s stock valued at $332,793,000 after purchasing an additional 622,003 shares in the last quarter. 70.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WPM. BMO Capital Markets restated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Wheaton Precious Metals in a research note on Thursday. Berenberg Bank upped their target price on shares of Wheaton Precious Metals from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, September 12th. CIBC increased their price target on shares of Wheaton Precious Metals from $135.00 to $160.00 and gave the company an “outperformer” rating in a report on Friday, October 10th. Finally, Scotiabank reiterated an “outperform” rating on shares of Wheaton Precious Metals in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.50.

Wheaton Precious Metals Price Performance

Wheaton Precious Metals stock opened at $102.23 on Tuesday. The firm has a market capitalization of $46.41 billion, a P/E ratio of 59.09, a price-to-earnings-growth ratio of 1.67 and a beta of 0.38. Wheaton Precious Metals Corp. has a 1-year low of $55.47 and a 1-year high of $114.36. The company’s 50-day moving average is $104.19 and its 200 day moving average is $95.64.

Wheaton Precious Metals (NYSE:WPM) last announced its earnings results on Thursday, November 6th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. Wheaton Precious Metals had a return on equity of 11.96% and a net margin of 47.46%.The business had revenue of $476.26 million during the quarter, compared to analyst estimates of $495.53 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The company’s revenue for the quarter was up 54.5% compared to the same quarter last year. Research analysts anticipate that Wheaton Precious Metals Corp. will post 1.46 earnings per share for the current fiscal year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be paid a $0.165 dividend. The ex-dividend date is Thursday, November 20th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Wheaton Precious Metals’s dividend payout ratio (DPR) is presently 30.00%.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 2017. Wheaton Precious Metals Corp.